Latest in Commercial Real Estate Tech News by CREtech

Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

Search

Home
News

MGM, desperate for cash, launches “Work From Vegas” program

The Real Deal
8/11/2020

For decades, Las Vegas has attracted vacationers with its casinos, clubs and restaurants. Now, one desperate hotel operator wants to bring in the work-from-home crowd. MGM resorts has launched “Work from Vegas” business packages at the Bellagio and ARIA resorts, according to the Reno Gazette Journal. There are three packages, the cheapest five-day stay starting at around $100 per night, going up to around $400 a night for the top-tier package.

Read more
Team Appreciation Is More Critical Than Ever. Here’s How To Show You Mean It

Bisnow
8/11/2020

Even on a good day, more than half of U.S. workers are unhappy in their jobs. During the coronavirus pandemic, recent studies reveal that percentage is even higher. Now, as more companies are offering their employees the option to work from home “indefinitely,” managers, HR and business owners are forced to consider this caveat: Studies have found that remote workers tend to be more disengaged and harder to retain. Other studies dug in deeper and indicated that perhaps it’s not the employees th…

Read more
Smart cities accelerator to be launched in Osaka

Smart Cities World
8/11/2020

Plug and Play wants to make the Keihanshin Metropolitan area one of the world’s leading start-up ecosystems as well as contribute to the Japanese city’s smart city progress.

Read more
Venture Capitalists Target Seattle as Startup Ecosystem Grows

Wall Street Journal
8/11/2020

Venture capitalists are increasingly targeting deals in Seattle, where they say a burgeoning startup ecosystem holds the potential to support more enterprise software innovation. Deal activity in the Seattle region has grown in recent years. The number of venture investments in startups in the region rose to 433 in 2019, up 18% from 367 in 2015, according to PitchBook Data Inc.—the third-sharpest increase among major U.S. hubs for venture-capital investment, after Philadelphia and Denver. The co…

Read more
SoftBank Claws Back Into the Black After Historic Losses

The New York Times
8/11/2020

TOKYO — Just four months ago, Masayoshi Son, the daring billionaire who leads the Japanese conglomerate SoftBank, looked as if he might lose it all.

Read more
Michael Spies joins Navitas Capital, leading Real Estate and Construction Technology VC

Navitas Capital
8/10/2020

Navitas Capital, a leading venture capital firm investing in technology solutions for the built environment, has announced that Michael Spies has joined as a Venture Partner. With Navitas, Michael will provide guidance as the firm begins investing from it’s third fund and will offer strategic support to its various portfolio ventures.

Read more
Start-Ups Braced for the Worst. The Worst Never Came.

The New York Times
8/10/2020

Two months later, with the spread of the coronavirus, business got even worse. The company laid off another 100 employees, asked those who remained to volunteer for pay cuts, obtained a government loan of $5 million to $10 million and battled bankruptcy rumors….

Read more
CREtech Global Summit 2020 Impressions

realquantum
8/10/2020

As a first-time attendee at the CREtech Global Summit, I was anxious to immerse myself in the real estate tech world at a conference center in Austin, TX. As with every other event like this, postponing and then eventually switching it to online-only was the safest choice. Fortunately, the organizers did a good job by putting together a schedule of top-notch speakers. This review focuses on the US sessions in days 3 and 4. (I wasn’t willing to get up at 2 am to catch the UK sessions)….

Read more
Big Landlord in Talks to Put Warehouses for Amazon in Malls

Wall Street Journal
8/10/2020

The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores. Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores into Amazon distribution hubs, according to people familiar with the matter. Amazon typically uses these warehouses to store everything from books and sweat…

Read more
NYSE Owner Agrees to Buy Mortgage-Software Firm Ellie Mae

Wall Street Journal
8/10/2020

Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it would acquire mortgage-software firm Ellie Mae, a landmark bet by the exchange giant on the digitization of the U.S. mortgage industry. The deal between Atlanta-based ICE and private-equity firm Thoma Bravo is valued at about $11 billion, including $9.25 billion in newly issued debt and $1.75 billion in stock. It is expected to close in the third or fourth quarter of 2020, pending regulatory approval.

Read more